So we're new in this game called "blogging", but we aren't new in the game we know very well, that being the game of Wall Street. We know a winner when we see it, and Crocs is certainly a winner. The company has a P/E of 22 and a closing price of $45.58 (06/15/07) and we think we'll see a price of $57 by the end of August. The stock is on a great run and even with speculation of a buy-out earlier in the week, there is no way we will see anything less then $70 a share, if that is the case in the coming months. The stock is a winner in our book for three reasons. The management team is beyond excellent, great signs of a positive blue chip. The second reason is that continued sales and a short supply are increasing the demand factor of the shoe everyone wants. Heck, even the President is sporting a black pair of these puppies. Finally quarter over quarter and year over year earnings estimates continue to grow in the 20%+ category and there is no slowdown in sight. Don’t Worry Wall Street, the private boys are nowhere to be found when it comes to CROX, this one is going to be around for a while. Steve Irwin would have been proud.
- Crocs trades on the NASDAQ under the symbol CROX
- We do not own a corporate position in the company
- Our CEO does own an individual position in the company
No comments:
Post a Comment